The on-chain investigator reported that collapsed cryptocurrency lender Voyager sent millions of cryptocurrency through Coinbase and received nearly $100 million USDC in the last three days.
On-chain analyst Lookonchain found activity in the bankrupt centralized finance (CeFi) platform – Voyager. On a daily basis, Voyager has transferred crypto assets to Coinbase since valentine’s day.Â
Meanwhile, the large crypto exchange Coinbase appears to be the medium of transaction crypto, and so far, Voyager has received nearly $100 million worth of USDC. Concerning that fund, the lender has sent cryptocurrencies like Ethereum, SHIB, Uni, Chainlink, SAND, Enjin Coin, and more.
As per analysis, Voyager owns nearly $631 million worth of digital assets including ETH, SHIB, USDC, Link, APE, and more. Notably, Voyager holds the largest weightage of Ethereum nearly 172,223 ETH, worth $276 Million.Â
Similarly, on 16 Feb. another investigator firm PackShieldAlert noticed that bankrupt Voyager had sent $28.7 million worth of cryptocurrencies Including 15K ETH and 250 Billion SHIB to large crypto exchanges, Coinbase and Binance. Â
Voyager was one of the cryptocurrency firms that collapsed last year due to the extremely volatile market. Meanwhile, the US Security and Exchange Commission (SEC) opposed Binance amid Voyager’s $1 Billion deal.Â
Also Read: SEC Opposes Voyager’s $1 Billion Deal with Binance.US
